Rubin's Way Out

By

Tim Annett

Updated Aug. 25, 2006 12:55 p.m. ET

Former Treasury Secretary Robert Rubin will no longer be a passenger on Ford's Way Forward, in what some analysts saw as an indication that major changes are in the offing at the struggling auto maker.

Mr. Rubin, who is now a member of the chairman's office at Citigroup, said he was stepping down from the auto maker's board of directors, citing the potential for a conflict of interest as Ford considers its strategic alternatives. Citigroup's "multi-faceted relationship with Ford could raise a question whether my...